Berenberg Maintains ISS at Buy Ahead of Capital Markets Day; Price Target Up

06:42 AM EDT, 09/08/2026 (MT Newswires) -- Berenberg reiterated its buy rating on ISS (ISS.CO, ISS.VI), saying that its investment case for the stock is "clearer than ever" ahead of the company's capital markets day on Sept. 14. "After our initiation of coverage in July 2025, ISS shares have appreciated by 53% and, ahead of the capital markets day (CMD) on 14 September, we evaluate the company's performance since its last CMD in 2022 and reassess the investment case. We highlight that the settlement with Deutsche Telekom [DTE.F] in May has lowered risks significantly and the investment case is clearer than ever. We believe ISS will move its organic growth targets up a notch and provide clarity on margin potential over the next 3-4 years, as well as reaffirm the generous capital allocation policy," according to a Tuesday note. The research firm also raised its price target to 350 Danish kroner from 340 kroner, driven by higher top-line estimates for 2027 as analysts "increasingly" anticipate a US-led return to growth in the Danish facility management company's Americas business during the year. Meanwhile, Berenberg maintained its 2026 sales, EBIT, and EPS forecasts. For 2028, analysts raised their sales projections, while EBIT and EPS assumptions were trimmed.